Weekly Transportation Update: Housing starts rebound in February after weather-induced drop

Following a decline in January, housing starts have experienced a rebound. Concurrently, the real estate market has seen a surge in the sales of existing homes throughout February. Mortgage rates have also shifted, edging back towards the 7% mark. Additionally, diesel prices have reversed course in the latest week.

• Sales of existing homes rise by the most in a year.
• White House clears final rule on commercial truck greenhouse gas reduction.
• Total trucking spot rates rise in the latest week.
• Rail carload volume rises in the latest week as intermodal traffic eases slightly.